Taco John's Portfolio | MN & ND Locations

n/aAbsolute NNN, Cross‑Collateralized Leases (no landlord responsibilities) - 17+ years of remaining primary term with two 10‑year renewal options, delivering durable, hands‑off income. Annual 2% rent escalations throughout the remaining term provide built‑in growth and inflation protection. Strong Unit Economics with Downside Protection - Stores demonstrate compelling rent‑to‑sales performance versus broader QSR benchmarks and have delivered strong annual growth over the past decade. Low nominal rents enhance backfill optionality and value preservation in a downside scenario. Strong Real Estate: Signalized Corners with Drive‑Thru - Each site occupies a high‑visibility corner with a drive‑thru, maximizing access, throughput, and brand presence. Locations rank in the top national visitation percentiles within the Taco John’s system, including the highest‑visited store in Minnesota per Placer.ai. Established, Expanding Regional Brand Presence - Taco John’s has operated at these sites for an average of 25 years, evidencing long‑term performance and stability. Corporate recently relocated its headquarters to St. Louis Park, strengthening Minnesota ties; the state now hosts the brand’s highest concentration with restaurants across 49 cities. Experienced, Aligned Operator with Recent Capex - Operated by a multi‑generation franchisee with a 35+ year Taco John’s track record and representation on the franchise board. All locations have been recently renovated with franchisee capital, underscoring commitment and ongoing operational excellence.